Slide 1: Fiscal Q1 2021 Earnings Call FieldReport
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD The Industry Leader in Craft Friendly Fiber Optic Management and Connectivity Solutions Fiscal Q1 2021 Earnings Call FieldReport
Slide 2: Important Cautions Regarding Forward-Looking Statements
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 Important Cautions Regarding Forward-Looking NASDAQ:CLFD Statements Forward-looking statements contained herein and in any related presentation or in the related FieldReport are made pursuant to the safe harbor provisions of the Private L
Slide 3: Welcome
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Welcome Cheri Beranek PRESIDENT & CEO NASDAQ:CLFD 3
Slide 4: FQ1 2021 Highlights
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 Quarterly Revenue NASDAQ:CLFD FQ1 2021 Highlights $27.3M $27.1M $26.0M Financial: $19.4M $20.4M • Revenue of $27.1M, up 40% y/o/y • Gross profit up 47% to $11.4M (42% of revenue) • Net income of $3.2M or $0.23 per diluted share • Order ba
Slide 5: FQ1 & TTM Revenue Comparison by Market
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 TTM Revenue Composition Ended 12/31/201NASDAQ:CLFD FQ1 & TTM Revenue 4% 3% Comparison by Market Quarterly Revenue 13% $19.8 FQ1 20 FQ1 21 $11.6 14% 66% $3.1 $2.7 $2.3 $3.0 $1.2 $1.1 $1.2 $0.5 Community National Carrier MSO International L
Slide 6: Financial Update
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Financial Update Dan Herzog CHIEF FINANCIAL OFFICER NASDAQ:CLFD 6
Slide 7: Quarterly Financial Performance
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Quarterly Financial Performance Revenue $27.3 $27.1 $26.0 $19.4 $20.4 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 -4% +7% +19% +14% +40% Year-over-Year Growth Rate Note: Dollar figures in millions NASDAQ:CLFD 7
Slide 8: Quarterly Financial Performance
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Quarterly Financial Performance Revenue Gross Profit $27.3 $27.1 $26.0 $11.4 $10.8 $11.2 $19.4 $20.4 $7.7 $8.2 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 -4% +7% +19% +14% +40% 39.9% 39.9% 41.5% 41.2% 42.0% Ye
Slide 9: Quarterly Financial Performance
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Quarterly Financial Performance Revenue Gross Profit Operating Expenses $27.3 $27.1 $26.0 $11.4 $10.8 $11.2 $19.4 $20.4 $7.4 $7.6 $7.7 $7.3 $7.2 $7.7 $8.2 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q1-20 Q2-20
Slide 10: Quarterly Financial Performance
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Quarterly Financial Performance Revenue Gross Profit Operating Expenses Net Income $27.3 $27.1 $26.0 $11.4 $10.8 $11.2 $19.4 $20.4 $7.4 $7.6 $7.7 $7.3 $7.2 $7.7 $8.2 $3.0 $3.0 $3.2 $0.5 $0.7 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q1-20
Slide 11: COVID-19 Operational Update
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD COVID-19 Operational Update • Critical manufacturer status • Operating at normal capacity while adhering to state and federal government social distancing guidelines and enhanced safety measures for on-site production personne
Slide 12: Clearfield 'Comes of Age' Plan
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Clearfield ‘Comes of Age’ Plan Building a Better Broadband – One Community at a Time • Clearfield’s relationship and brand awareness within Community Broadband is its greatest asset • Attracting utilities, co-ops and CLECs as
Slide 13: Rural Digital Opportunity Fund (RDOF) Awards $9.2B for Unserved Markets
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 Rural Digital Opportunity Fund (RDOF) Awards NASDAQ:CLFD $9.2B for Unserved Markets Largest RDOF Phase 1 awards went to RDOF Award Amounts by State California, Mississippi and Arkansas Key Points: • $9.2B over 10 years (out of total poten
Slide 14: Clearfield Has 'Come of Age' Plan
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Clearfield Has ‘Come of Age’ Plan Building a Better Broadband – One Community at a Time • Clearfield’s relationship and brand awareness within Community Broadband is its greatest asset • Attracting utilities, co-ops and CLECs
Slide 15: Clearfield 'Comes of Age' Plan
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Clearfield ‘Comes of Age’ Plan Building a Better Broadband – One Community at a Time • Clearfield’s relationship and brand awareness within Community Broadband is its greatest asset • Attracting utilities, co-ops and CLECs as
Slide 16: Key Takeaways
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Key Takeaways Proven business model Enhanced management and management team and expansion of execution Strong competitive position total addressable market in a rapidly growing multi-billion-dollar fiber 13 optics industry, es
Slide 17: Q&A
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD Q&A Cheri Beranek Dan Herzog PRESIDENT & CEO CHIEF FINANCIAL OFFICER NASDAQ:CLFD 17
Slide 18: FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD
Slide 19: Contact Us
FieldReport / Fiscal Q1 2021 Earnings Call / January 28, 2021 NASDAQ:CLFD COMPANY CONTACT: INVESTOR RELATIONS: Cheri Beranek Matt Glover and Tom Colton Contact Us President & CEO Clearfield, Inc. Gateway Investor Relations (949) 574-3860 IR@clfd.net CLFD@gatewayir.com NASDAQ:CLFD 19